Bernstein said this suggests flows of more than $100 billion in the next two years into crypto ETFs.
The U.S. approval of an ether spot ETF has positive implications for rival tokens like solana, the broker said.
Ether gained about 26% last week after the U.S. Securities and Exchange Commission the 19b-4 filings of eight spot ETH ETF issuers.
Bernstein notes that ether is the first proof-of-stake based token to be approved as a spot ETF and its approval 'paves the way for a blockchain asset to evolve from a token sale.'
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